Getting it straight

The Democrat-Gazette wants its news reports to be fair and accurate.

We correct all errors of fact.

If you know of an error, write: Frank Fellone Deputy Editor P.O. Box 2221 Little Rock, Ark. 72203 or call 378-3475 during business hours Monday through Friday.

Wal-Mart President and Chief Executive Officer Doug McMillon was given a compensation package worth $25.3 million for the retailer’s 2014 fiscal year, which ended Jan. 31, that included $23 million in performance-based incentives. A headline in Thursday’s edition incorrectly said McMillon has received that money. McMillon’s incentive package will be paid only if Wal-Mart meets performance goals tied to growth, leverage and returns, according to company spokesman Randy Hargrove. The story incorrectly said the payments would be tied to McMillon meeting the company’s goals.

While Wednesday’s proxy statement indicated none of the executives received bonuses in fiscal 2014, they did receive incentive payments listed as “non-equity incentive plan compensation,” which Hargrove described as “bonuses” that were less than allowed under the company’s cash incentive plan.

And, Wal-Mart’s worldwide eCommerce business pulled in $10 billion in sales during fiscal 2014 and is expected to generate $13 billion in fiscal 2015. The story incorrectly stated the years for the sales figures.